Excess CEO pay is tip of iceberg [No one should make more than The One]

http://www.madison.com/tct/opinion/column/438063 ^ | 2/12/2009 | Rakesh Khurana and Andy Zelleke

[SkyDancer]

"Actors are not supposed to run a company."

Well whether or not they are incorporated for tax purposes. My question I guess is why can they demand multi-million salaries and CEO's of companies cannot. If I were to bring in some business for my company I'd get a bonus of say ten percent. If a CEO brings in business for his company don't you think he'd be entitled to a percentage bonus? Just wondering ....

[SJackson]

Yes. We would have known Tuesday if the Treasury Sec wasn’t a clown. It may be true since BHO and his Congresscritters haven’t been raising the issue the last few days.

[SJackson]

This guy earns $1,095.89 each DAY day on our dime. And he’s already had TWO weekends off in three weeks.

And when he works, he's making campaign style appearances. Good think all is well in the world.

[nyconse]

The market is way down...stocks have fallen horribly, I don’t think CEO’s should get any bonuses...but that’s not up to me unless it’s a bailed out company...taxpayer money should not be used for bonuses...I think these CEO’s are only interested in enriching themselves and care nothing for the companies they run or the stockholders. I think they are way overpaid personally. However, any company not on the dole can do as they please. I do think that if Wall Street does not reign this compensation thing in...there will be regulations; we have a Dem administration. To many CEO’s have bankrupted their companies and walked away with millions...it’s just plain immoral.

[Osage Orange]

Are you really on the right web-site?

[SkyDancer]

That's true enough - I guess my contention is how does the US government get off telling companies how they should pay their CEO's ... it's up to the board of directors and share holders ....

But then, if those companies start accepting bailout money ...

[Soul of the South]

Another significant issue is the growth of the legal industry and its impact on business. When I started in business, it was still possible to seal a deal on a handshake. Both parties staked their word and honor on living up to the agreement.

Today almost every agreement is written and reviewed by teams of lawyers. Even when agreement is reached and the papers are signed, one or the other party will often use its legal staff to reinterpret the meaning of the language in the document or wiggle out of conditions it finds no longer to its liking.

The legal profession is the antithesis of ethics. It enables dishonorable conduct and the breakdown of trust in commerce and in society.

[dalereed]

“[No one should make more than The One]”

I think they have it backwards, he’s so stupid everyone not on welfare or in a government (white collar welfare) job should make more than he does!

He’s so stupid he should have to pay rent for using the White House.

[okie01]

Another significant issue is the growth of the legal industry and its impact on business. When I started in business, it was still possible to seal a deal on a handshake. Both parties staked their word and honor on living up to the agreement.

A very valid addition to the list.

The legal profession has fostered a business culture where illegal conduct is artfully avoided...while unethical conduct is encouraged.

[autumnraine]

I’m sad to say you are right. And they never ever realize that it was lured the ‘average man’ to the Democrat party for so long. Then the liberals took them over.

Now most people are just stuck between voting for communism or voting for their boss to be really really rich. And while I enjoy that everyone has the opportunity to be the ‘boss’, corporate America has grown to the point of crushing a lot of growth or that potential other than the occassional rags to riches story.

[ridesthemiles]

This tripe is from Madistan in Wisconsin.

Liberal cesspool.

I know- I was born there and raised nearby—when it was Conservative area.

Won’t go back there and spend a penny supporting those jerks.

[Post Toasties]

0bama has to limit the salaries in the movie, music and athletic industries to $400,000 tops too.

[org.whodat]

That is a stupid statement.

[org.whodat]

The issue is the solution, and letting the market deal with these things is the conservative solution. Compensation can't be legislated, particularly in a global market.

ROFLOL

[org.whodat]

That’s two in a row!!

[org.whodat]

You are correct, corporations were created to make large expensive ventures possible and to share the gain are the lose. They were not made to make the board and the CEO rich and to serve as their private bank.

[freeangel]

“Anyone see liberals want THAT money back??”

Well, certainly no LIBERALS care to see that money back. Libs get extra points for raping the public.

[SkyDancer]

That’s just your wrong opinion ... two in a row ....

[org.whodat]

If you have no concept of people voting for entertainers with their dollars, as to a dime a dozen ceo’s, then why bother explaining the difference to you. Just remember there has been and will only be one “James Brown”.

[org.whodat]

Oh, and you want you rear chewed out over your silly statement, call and ask Neal Boortz to explain it to you.